NSP3 allocations should be arriving SOON since House Financial reform bill provisions HERE required publication within 30 days of enactment, which occurred on July 21. That assumes of course that HUD meets the statutory deadline.
Oregon should receive a minimum of $5 million in this allocation.
My most recent NSP3 post HERE pointed out that rental housing development was an eligible use under NSP 3, and could be also for unobligated or unexpended NSP 1 or 2 funds.
Seems logical that HUD will need to issue some guidance to clarify eligible uses and processes to reprogram NSP 1 and NSP 2 funds.
Originally created and posted on the Oregon Housing Blog.